What To Expect For Intercontinental Exchange (ICE) Q4 Earnings
Zacks Investment Research | Feb 02, 2020 10:59PM ET
Intercontinental Exchange, Inc. (NYSE:ICE) is slated to report fourth-quarter 2019 results on Feb 6, after market closes.
The company delivered positive surprises in all the last four quarters, the average being 4.8%.
Factors to Consider
For the to-be-reported quarter, the Zacks Consensus Estimate for the company’s earnings is pegged at 95 cents, indicating an upside of 1.1% from the year-ago reported figure.
In the fourth quarter, the company’s revenues are likely to have performed consistently well on the back of a compelling product and service portfolio, strategic buyouts, pricing and analytics. The Zacks Consensus Estimate for revenues is pegged at $1.3 billion, almost in line with the year-earlier reported figure.
The company expects the momentum in data revenue growth to continue for the quarter to be reported. Per the last earnings call, management expected fourth-quarter data service revenues in the range of $555-$560 million. Its positive pricing and analytics revenue trend is also likely to have continued in the fourth quarter.
Intercontinental Exchange might have taken initiatives to keep its costs under control. The company estimated fourth-quarter adjusted operating expenses in the range of $562-$572 million per its last earnings conference.
It is likely to have witnessed healthy cash flow in the quarter under review.
Interest expense is expected to have remained at an elevated level. The metric is predicted to be around $71 million for the fourth quarter.
What Our Quantitative Model States
Our proven model does not conclusively predict an earnings beat for Intercontinental Exchange this season. The right combination of a positive Zacks Investment Research
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